Official PDF , 45 pages
... other hand, exchange controlsare ineffective,then the power of monetary policy to affect aggregate demand would be diminished. Some of the effects of a reduction in the money supply would be offset by changes in foreign exchange claims or liabilities. Therefore, the effects on the curb market intere ...
... other hand, exchange controlsare ineffective,then the power of monetary policy to affect aggregate demand would be diminished. Some of the effects of a reduction in the money supply would be offset by changes in foreign exchange claims or liabilities. Therefore, the effects on the curb market intere ...
The lasting impact of the Asian financial crisis
... owed by Turkey. But the real power of the IMF came from its position as "gatekeeper" for official credit, which gave it control over a very influential creditors' cartel. A borrowing country that did not meet IMF conditions would often not be eligible for loans from the much larger World Bank, regio ...
... owed by Turkey. But the real power of the IMF came from its position as "gatekeeper" for official credit, which gave it control over a very influential creditors' cartel. A borrowing country that did not meet IMF conditions would often not be eligible for loans from the much larger World Bank, regio ...
Fiscal policy and LR growth - The Good, the Bad and the Economist
... It will take time for the political and administrative process to result in actual policy decisions, leading to decision and implementation lags. Say that the government decides to tighten fiscal policy to deflate the overheating economy at point II… …it will still take time before the effects of hi ...
... It will take time for the political and administrative process to result in actual policy decisions, leading to decision and implementation lags. Say that the government decides to tighten fiscal policy to deflate the overheating economy at point II… …it will still take time before the effects of hi ...
Impact of the financial crisis on decentralisation processes
... household income, demand on public services increases and, if these are not given financial support, quality of care will deteriorate (WHO 2009: 5). In the health sector, previous crises have shown that curative care has greater political buy in than preventative care, thus preventative care is mor ...
... household income, demand on public services increases and, if these are not given financial support, quality of care will deteriorate (WHO 2009: 5). In the health sector, previous crises have shown that curative care has greater political buy in than preventative care, thus preventative care is mor ...
Financial and currency crises in Latin America
... 1960s simultaneously to the process of deregulation and development of financial markets in developed countries. Major LA economies integrated to this process right from the beginning. Brazil started to tap the Eurodollar market in the late sixties, whereas Argentina, Chile, Colombia, Mexico, Peru a ...
... 1960s simultaneously to the process of deregulation and development of financial markets in developed countries. Major LA economies integrated to this process right from the beginning. Brazil started to tap the Eurodollar market in the late sixties, whereas Argentina, Chile, Colombia, Mexico, Peru a ...
While there has been considerable work critical of the East... actually anticipated the East Asian debacle of 1997-98 (e.g. see... I005
... From the beginning of the decade, Thailand and Malaysia sustained significant current account deficits. Over-investment of investible funds in ‘non-tradeables’ made things worse. In so far as such investments − e.g. in power generations and telecommunications − did not contribute to export earnings, ...
... From the beginning of the decade, Thailand and Malaysia sustained significant current account deficits. Over-investment of investible funds in ‘non-tradeables’ made things worse. In so far as such investments − e.g. in power generations and telecommunications − did not contribute to export earnings, ...
The Business Cycle in the Philippines
... Rand/Tarp (2001). Moreover, Reside (2002) suggests the obvious supply-led cycles in the Philippines as predominantly emanating from changes in the weather with sometimes disastrous effects on ...
... Rand/Tarp (2001). Moreover, Reside (2002) suggests the obvious supply-led cycles in the Philippines as predominantly emanating from changes in the weather with sometimes disastrous effects on ...
Redefining the Role of the State
... 1993, 1997) and others had legitimately identified a large number of ‘government failures’ resulting from the application of policies based on early post-war development thinking. This combination of ideas, institutions and economic and political history led to excessively dirigiste development stra ...
... 1993, 1997) and others had legitimately identified a large number of ‘government failures’ resulting from the application of policies based on early post-war development thinking. This combination of ideas, institutions and economic and political history led to excessively dirigiste development stra ...
Economic liberalization and poverty reduction
... The admission in question comes when the report describes its sample of “more globalized” countries: “We label the top third ‘more globalized’ without in any sense implying that they adopted pro-trade policies. The rise in trade may have been due to other policies or even to pure chance” (World Bank ...
... The admission in question comes when the report describes its sample of “more globalized” countries: “We label the top third ‘more globalized’ without in any sense implying that they adopted pro-trade policies. The rise in trade may have been due to other policies or even to pure chance” (World Bank ...
Botswana: A Diamond in the Rough
... • Why were local institutions allowed to flourish? A- One of the main reasons why Botswana’s local institutions were allowed to flourish was that the British colonial powers had no interest in this ...
... • Why were local institutions allowed to flourish? A- One of the main reasons why Botswana’s local institutions were allowed to flourish was that the British colonial powers had no interest in this ...
Paper
... result of industrial action over the allocation of investment. In some countries like Korea, Taiwan or Mexico the state has directly controlled the “commanding heights” of the financial sector (Haggard, Lee, Maxfield, 1993). Besides finance, in many countries industrial inducement was directly exert ...
... result of industrial action over the allocation of investment. In some countries like Korea, Taiwan or Mexico the state has directly controlled the “commanding heights” of the financial sector (Haggard, Lee, Maxfield, 1993). Besides finance, in many countries industrial inducement was directly exert ...
PDF
... capture a variety of characteristics and initial conditions. In all seven countries, adjustment programmes addressed such distortions as an overvalued exchange rate, high current account and fiscal deficits, low factor mobility, restrictions on domestic and foreign trade, distorted pricing for trade ...
... capture a variety of characteristics and initial conditions. In all seven countries, adjustment programmes addressed such distortions as an overvalued exchange rate, high current account and fiscal deficits, low factor mobility, restrictions on domestic and foreign trade, distorted pricing for trade ...
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... As Pearlstein (2009) put it, politicians in Washington are proposing to spend a lot of money that they do not have, in ways that will not work, to help too many people who are neither desperate nor deserving. He listed among ‘the idiotic ideas’ the bipartisan push to re-inflate the housing bubble, a ...
... As Pearlstein (2009) put it, politicians in Washington are proposing to spend a lot of money that they do not have, in ways that will not work, to help too many people who are neither desperate nor deserving. He listed among ‘the idiotic ideas’ the bipartisan push to re-inflate the housing bubble, a ...
THE POLITICAL ECONOMY OF GLOBAL ECONOMIC DISGOVERNANCE Luiz Carlos Bresser-Pereira
... would be too large to finance otherwise”, the agreements would be anyway meaningless. The obvious difficulties involved in international coordination coupled with these critiques probably explain the demise of international macroeconomic policy coordination in the 1990s. A third explanation, however ...
... would be too large to finance otherwise”, the agreements would be anyway meaningless. The obvious difficulties involved in international coordination coupled with these critiques probably explain the demise of international macroeconomic policy coordination in the 1990s. A third explanation, however ...
Advances in Environmental Biology Crises, Governments
... the effect of the policy on foreign assets, how to apply strategies and government policies in the international arena as well, are focused on understanding the potential damage . Because the money markets have become more integrated mode, the supervision of the International Monetary Fund on capita ...
... the effect of the policy on foreign assets, how to apply strategies and government policies in the international arena as well, are focused on understanding the potential damage . Because the money markets have become more integrated mode, the supervision of the International Monetary Fund on capita ...
Policy Trade-offs for Unprecedented Times: Confronting the Global
... 1. Strengthen the role of multilateral institutions. Multilateral support will be vital under precarious access to credit markets. 2. Move away from short-term financing. Multilaterals should avoid short-term emergency financing and only consider medium to long-term financing in order to partially “ ...
... 1. Strengthen the role of multilateral institutions. Multilateral support will be vital under precarious access to credit markets. 2. Move away from short-term financing. Multilaterals should avoid short-term emergency financing and only consider medium to long-term financing in order to partially “ ...
Module The Modern Macroeconomic Consensus
... resource given to us by God to sustain our life her on this earth. Economist even recognize that gold is merely a shiny mineral whose sole value lies in the fact that others hold it to be of value. The true believer recognizes that Scripture and the blood of Christ are intrinsically valuable. They r ...
... resource given to us by God to sustain our life her on this earth. Economist even recognize that gold is merely a shiny mineral whose sole value lies in the fact that others hold it to be of value. The true believer recognizes that Scripture and the blood of Christ are intrinsically valuable. They r ...
The West must allow a power shift in international organizations
... simplicity. But the Europeans insist that economic weight is not just GDP but also “openness”; integration with the world economy. Not coincidentally, Europe’s weight is then boosted by intra-Europe trade, while the weights of the US, China, India, Brazil et al. are not boosted by their internal tra ...
... simplicity. But the Europeans insist that economic weight is not just GDP but also “openness”; integration with the world economy. Not coincidentally, Europe’s weight is then boosted by intra-Europe trade, while the weights of the US, China, India, Brazil et al. are not boosted by their internal tra ...
1 Forthcoming in Journal of Globalization and Development
... future the net supply of dollar assets to the rest of the world, the major problems today are probably not associated with the inadequate provision of international liquidity, the problem that was at the center of post-war debates. But the world still needs a less “erratic” and “capricious” system f ...
... future the net supply of dollar assets to the rest of the world, the major problems today are probably not associated with the inadequate provision of international liquidity, the problem that was at the center of post-war debates. But the world still needs a less “erratic” and “capricious” system f ...
Foreign Fads should
... that otherwise would have taken place. Moreover, there is no evidence that the funds have generated additional private investment, had a positive impact on development, or helped create a better investment environment in poor countries. Similar efforts to underwrite private entrepreneurs are evident ...
... that otherwise would have taken place. Moreover, there is no evidence that the funds have generated additional private investment, had a positive impact on development, or helped create a better investment environment in poor countries. Similar efforts to underwrite private entrepreneurs are evident ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... The most representative populist was Peron. He came to power in 1946 by building a base of support among unions as Argentina’s secretary of labor between 1943 and 1945. Peron promoted the vision of a rapidly industrializing Argentina, free of foreign influence. Wages rose rapidly as Peron’s governme ...
... The most representative populist was Peron. He came to power in 1946 by building a base of support among unions as Argentina’s secretary of labor between 1943 and 1945. Peron promoted the vision of a rapidly industrializing Argentina, free of foreign influence. Wages rose rapidly as Peron’s governme ...
PDF
... modernization theorists. However, in the spirit of the KISS principle, the work of all of these authors was largely ignored by the mainstream. Thus, the classical economists, from Adam Smith, through Marx and Schumpeter, had a multidimensional view of the grand dynamics governing the economic fate o ...
... modernization theorists. However, in the spirit of the KISS principle, the work of all of these authors was largely ignored by the mainstream. Thus, the classical economists, from Adam Smith, through Marx and Schumpeter, had a multidimensional view of the grand dynamics governing the economic fate o ...
Benefiting from FDI- LDCs` policy options
... On another development, Dunning (1994) insists “The benefit of FDI particularly depends on: the kind of FDI; the conditions that prompted it; the type and age of the investment; the existing competitive advantages of the host country and the organizational strategies pursued by host government. One ...
... On another development, Dunning (1994) insists “The benefit of FDI particularly depends on: the kind of FDI; the conditions that prompted it; the type and age of the investment; the existing competitive advantages of the host country and the organizational strategies pursued by host government. One ...